Page 1 of 21
SAFE MLO QUICK QUIZ QUESTIONS 2026 LATEST EXAM
SOLVED QUESTIONS & ANSWERS VERIFIED 100%
GRADED A+
How long will the issuance of a revised Loan Estimate delay the closing?
a) There is no restriction on when a loan may close once a revised Loan
Estimate is issued
b) Seven precise business days if mailed
c) Four precise business days if e-mailed
d) Three precise business days if personally handed to the applicant
Answer
Seven precise business days if mailed
A Realtor offers a loan originator $100 for every referral that turns into a sale.
Who violated RESPA?
a) The Realtor
b) The loan originator
c) Neither the Realtor nor the loan originator
d) Both the Realtor and the loan originator
The Realtor
Prior to closing on a HOEPA loan, the borrower must:
a) Secure homeownership counseling from a HUD-approved counseling
agency
b) Be informed about their right to receive homeownership counseling along
with a list of counseling agencies from their lender no later than three
business days prior to closing
c) Be advised of their right to seek the advice of legal counsel
d) Be offered a different loan that does not exceed HOEPA thresholds
a) Secure homeownership counseling from a HUD-approved counseling agency
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What verbiage must appear on the special HOEPA disclosure issued to the
customer no later than three business days prior to closing?
a) You have the right to consult with an attorney at any time prior to or at
closing
b) You are not required to complete this agreement merely because you have
received these disclosures or have signed a loan application
c) Your right to rescind will be extended to three years
d) You are receiving a loan with a higher than market interest rate
b) You are not required to complete this agreement merely because you have
received these disclosures or have signed a loan application
When must a Loan Estimate be issued to an applicant in accordance with
TRID?
a) Within three general business days from the day of application
b) Within three precise business days from the day of application
c) Within three precise business days of closing
d) Within three general business days of closing
a) Within three general business days from the day of application
A loan may not close for:
a) Three precise business days from the date that the Loan Estimate is issued
b) Seven general business days from the date that the Loan Estimate is issued
c) Seven precise business days from the date that the Loan Estimate is issued
d) There is no restriction on when a loan may close after the issuance of a
Loan Estimate
c) Seven precise business days from the date that the Loan Estimate is issued
Which of the following is not a valid reason for changing fees once a Loan
Estimate has been issued?
a) The loan originator originally miscalculated the transfer tax quoted on the
Loan Estimate
b) A valid change of circumstance occurs
c) The customer requests to increase the loan amount for which she is
applying
, Page 3 of 21
d) The customer chooses a different property in a county where the
recordation tax is higher than that of the original property
a) The loan originator originally miscalculated the transfer tax quoted on the Loan
Estimate
By when must a revised Loan Estimate be reissued in the presence of a valid
change of circumstance?
a) As long as it is reissued prior to closing, there is no specific timeframe
mandating when a revised Loan Estimate must be issued
b) Revised Loan Estimates are never issued because the Closing Disclosure
ultimately discloses the true costs
c) Within three general business days from the closing date
d) Within three general business days from the date of the valid change of
circumstance
d) Within three general business days from the date of the valid change of
circumstance
Which of the following is considered to be a valid change of circumstance?
a) When an extraordinary event beyond anyone's control, an earthquake
occurs, when the customer wishes to add another borrower, or when the title
company ceases to operate during the transaction
b) When the loan originator errs on a disclosed fee not containing a zero-
tolerance change cap and needs to correct the error
c) When the customer withdraws his application
d) When the mortgage broker ultimately chooses a different lender than the
one to which it originally intended to broker the loan
a) When an extraordinary event beyond anyone's control, an earthquake occurs,
when the customer wishes to add another borrower, or when the title company
ceases to operate during the transaction
Once a Closing Disclosure is issued:
a) The lender may issue a revised Loan Estimate as long as the revisions are
precipitated by a valid change of circumstance
b) The lender may issue a revised Loan Estimate as long as the changes do
SAFE MLO QUICK QUIZ QUESTIONS 2026 LATEST EXAM
SOLVED QUESTIONS & ANSWERS VERIFIED 100%
GRADED A+
How long will the issuance of a revised Loan Estimate delay the closing?
a) There is no restriction on when a loan may close once a revised Loan
Estimate is issued
b) Seven precise business days if mailed
c) Four precise business days if e-mailed
d) Three precise business days if personally handed to the applicant
Answer
Seven precise business days if mailed
A Realtor offers a loan originator $100 for every referral that turns into a sale.
Who violated RESPA?
a) The Realtor
b) The loan originator
c) Neither the Realtor nor the loan originator
d) Both the Realtor and the loan originator
The Realtor
Prior to closing on a HOEPA loan, the borrower must:
a) Secure homeownership counseling from a HUD-approved counseling
agency
b) Be informed about their right to receive homeownership counseling along
with a list of counseling agencies from their lender no later than three
business days prior to closing
c) Be advised of their right to seek the advice of legal counsel
d) Be offered a different loan that does not exceed HOEPA thresholds
a) Secure homeownership counseling from a HUD-approved counseling agency
,Page 2 of 21
What verbiage must appear on the special HOEPA disclosure issued to the
customer no later than three business days prior to closing?
a) You have the right to consult with an attorney at any time prior to or at
closing
b) You are not required to complete this agreement merely because you have
received these disclosures or have signed a loan application
c) Your right to rescind will be extended to three years
d) You are receiving a loan with a higher than market interest rate
b) You are not required to complete this agreement merely because you have
received these disclosures or have signed a loan application
When must a Loan Estimate be issued to an applicant in accordance with
TRID?
a) Within three general business days from the day of application
b) Within three precise business days from the day of application
c) Within three precise business days of closing
d) Within three general business days of closing
a) Within three general business days from the day of application
A loan may not close for:
a) Three precise business days from the date that the Loan Estimate is issued
b) Seven general business days from the date that the Loan Estimate is issued
c) Seven precise business days from the date that the Loan Estimate is issued
d) There is no restriction on when a loan may close after the issuance of a
Loan Estimate
c) Seven precise business days from the date that the Loan Estimate is issued
Which of the following is not a valid reason for changing fees once a Loan
Estimate has been issued?
a) The loan originator originally miscalculated the transfer tax quoted on the
Loan Estimate
b) A valid change of circumstance occurs
c) The customer requests to increase the loan amount for which she is
applying
, Page 3 of 21
d) The customer chooses a different property in a county where the
recordation tax is higher than that of the original property
a) The loan originator originally miscalculated the transfer tax quoted on the Loan
Estimate
By when must a revised Loan Estimate be reissued in the presence of a valid
change of circumstance?
a) As long as it is reissued prior to closing, there is no specific timeframe
mandating when a revised Loan Estimate must be issued
b) Revised Loan Estimates are never issued because the Closing Disclosure
ultimately discloses the true costs
c) Within three general business days from the closing date
d) Within three general business days from the date of the valid change of
circumstance
d) Within three general business days from the date of the valid change of
circumstance
Which of the following is considered to be a valid change of circumstance?
a) When an extraordinary event beyond anyone's control, an earthquake
occurs, when the customer wishes to add another borrower, or when the title
company ceases to operate during the transaction
b) When the loan originator errs on a disclosed fee not containing a zero-
tolerance change cap and needs to correct the error
c) When the customer withdraws his application
d) When the mortgage broker ultimately chooses a different lender than the
one to which it originally intended to broker the loan
a) When an extraordinary event beyond anyone's control, an earthquake occurs,
when the customer wishes to add another borrower, or when the title company
ceases to operate during the transaction
Once a Closing Disclosure is issued:
a) The lender may issue a revised Loan Estimate as long as the revisions are
precipitated by a valid change of circumstance
b) The lender may issue a revised Loan Estimate as long as the changes do
